On first glance I’m not sure what this is intended to be, until I read the bit where it referred to each phone being a node on the phone’s own native blockchain. I think it would be exciting if such a node was in fact a mining one, but I don’t expect this as phones typically lack the power required to do such things. Personally I’m not convinced this will do anything so very different to what existing smartphones can do with crypto services, but I’ll reserve final judgement until it comes out and and can be tested.